kcm-home

712,000 Homes In The US Regained Equity In The Past 12 Months!

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CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The report also revealed: The average homeowner gained approximately $14,900 in equity during …

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It’s Time We Had A Realistic Discussion About Your Home’s Value

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When you go to sell your house, there’s a good chance you’re not going to agree with what a real estate agent suggests for a list price. It’s one of the most common issues real estate agents deal with, and help homeowners understand. Problem is… many homeowners don’t necessarily see it as agents trying to help them, so much as convince them to do …

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Ventless Gas Fireplace: Is It Safe? Read This Before You Buy

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A ventless gas fireplace is one without a chimney or vent—and it’s an increasingly popular option for cash-strapped homeowners, since installing a fireplace vent can cost up to $3,000. But is a ventless gas fireplace safe and effective? Here’s what you’ll want to know before you buy one for your home. How a ventless gas fireplace works In theory, a ventless gas fireplace should be safe because of how gas burns. …

open-house

7 Personal Items You Should Never Leave Out During an Open House

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A few years ago, Los Angeles resident Angela Wilson Gyetvan put her house on the market. She lived in an affluent neighborhood, and she’d chosen a trusted real estate agent she’d worked with before, so she felt comfortable leaving during the first open house they scheduled. After Gyetvan returned home, though, she was shocked to discover that someone had gone through her …

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93% Believe Homeownership Is Important In Attaining The American Dream

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Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” 18% of those surveyed said it was the most important part 53% of those surveyed said it was very important 22% …

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How Rising Prices Will Help You Build Family Wealth in 2018

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Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only …

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13 Weird Real Estate Facts To Entertain Your Brain

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1. The makers of “Extreme Makeover Home Edition” had to downsize their makeovers due to families not being able to afford utility bills. Photo by Mike Yukhtenko on Unsplash 2. The world’s largest treehouse has over 80 rooms, 10 floors and has taken the builder over 14 years to build. Photo by Aaron Burden on Unsplash 3. From 1949 – 1952, the white house was completely gutted and rebuilt with concrete and …

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The Impact of Tight Inventory on the Housing Market

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The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018. However, there is one …

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The Benefits of Homeownership Go Beyond The Financial

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Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this. Homeownership is NOT just about the money. …

declutter

How to Declutter Your Living Room So It Isn’t a Mortifying Mess

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Learning how to declutter takes some serious discipline, but no space in your home is worthier of the effort than your living room. After all, this is where most people hang with their family and friends, so you’ve got to stay on top of the mess! And help is here: In our third installment of our 2018 Declutter Your Home Guide, we’ll present advice on …